123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

El Paso County Residential Values Increase 16.5%

Profile Picture
By Author: O’Connor
Total Articles: 100
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Review of 11,690 homes valued at $300,000 or indicates an increase in assessed value of $4.07 billion, up 10.9% from 4.52 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $129.2 million, based on a 2.7% tax rate before considering homestead exemptions.

El Paso has 157 homes valued at $1 million or higher. They are valued at $0.21 billion in 2021, up from $0.19 billion in 2020. Values were increased for 140 homes, reduced for 16 homes, and remained flat for 1 home.

Homes valued at $300,000 to 500,000 increased from 3.00 billion in 2020 to 3.34 billion in 2021, an 11.1% increase. Of the 9,928 in this price range, values were increased for 8,604, reduced for 1,323, and remained flat for 1.

Luxury homes valued at $500,000 to $1,000,000 rose to $0.97 billion in 2021 from $0.88 billion in 2020, a 10.1% increase. This group of homes had the smallest level of increase, but still a sizable increase. Most homes in this price range saw an increase in the property tax assessment. Of 1,605 homes valued at $500,000 to $1,000,000, 1,403 were increased in tax assessment, 200 were ...
... reduced and 2 did not change.

El Paso County homeowners are encouraged to protest their property tax assessment, regardless of whether it was increased, reduced, or remained flat. El Paso Appraisal District has limited staff to value well over 200,000 homes in El Paso County. Homes are valued using the cost approach. The only option for quality control is a property tax protest. Otherwise, El Paso Appraisal District staff is highly unlikely to review the estimate of value generated by their computers.

There is no risk to appealing. The appraisal district and appraisal review board may not increase the assessed value due to an appeal. The only options are to reduce it or leave it the same. 85% of homeowners who appealed in 2019 were successful in reducing their property tax assessment.

The property tax appeal deadline is Monday, May 17th.

Visit: https://www.poconnor.com/el-paso-county-residential-values-increase-16-5/

Total Views: 163Word Count: 335See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Texas Property Tax Protest Services
Author: Lisaa

2. Luxury Apartment – Assetz Sora & Saki In Aerospace Park, Bagalur Road, Bangalore
Author: Manish Singh

3. Understanding The Importance Of Trusted Real Estate Developer
Author: Saloni Mehta

4. Unlocking Opportunities: Warehouse For Sale In Dubai
Author: RGestate

5. The Importance Of Property Documents In Real Estate Investing
Author: Saloni Mehta

6. Health Oriented Amenities Offered By Skyi Develope
Author: Saloni Mehta

7. Unlocking The Potential: Investing In Hiranandani Fortune City, Panvel Phase 2
Author: Dishant

8. Skyhigh Towers Hinjewadi: Redefining Luxury Living In Pune's It Hub
Author: buyindiahomes

9. Skyhigh Towers Hinjewadi: Redefining Luxury Living In Pune
Author: buyindiahomes

10. New Project In Goregaon: Mumbai's Premiere Residential Hub
Author: Origin Corp

11. How To Hold An Open House In The Winter In Miami, Fl
Author: Sell My House Fast Miami, FL

12. Discover Lucrative Investment Opportunities: Commercial Project In Noida For Sale
Author: Ankita Singh

13. Fibbi Town: Where Luxury Meets Affordability
Author: Ajjar Ali

14. Movers In Framingham, Ma - A Framingham Moving Company Guide
Author: Chris Amaral

15. Unlocking The Charm Of Townhouses For Sale In Calgary: Your Guide To Finding The Perfect Home
Author: Joe Badin

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: